A box of Ozempic and contents sit on a table in Dudley, North Tyneside, Britain, October 31, 2023. George Frey | Reuters The Biden administration on Friday unveiled the next 15 prescription drugs that will be subject to price negotiations between manufacturers and Medicare, kicking off the second phase of a landmark process that aims […]
Tech might not be the first thing that comes to mind when one pictures Phoenix. The city is better known for its golf courses, Major League Baseball’s Spring Training, retirement appeal and scorching heat. But its growth into an innovation hub has been quietly playing out over several decades. Arizona’s largest city has, for a
Why tech companies like Amazon, Google and TSMC are flocking to Phoenix Read More »
A Zoox robotaxi sits outside the company’s large office and warehouse in Las Vegas. Michael Wayland / CNBC LAS VEGAS — This year is expected to be a crucial one for Amazon’s autonomous vehicle unit Zoox, as the company plans to grow its operations and commercialize its robotaxi business. Zoox is aiming to begin offering
Why 2025 is set to be a crucial year for Amazon’s Zoox robotaxi unit Read More »
Apple CEO Tim Cook delivers remarks at the start of the Apple Worldwide Developers Conference (WWDC) on June 10, 2024 in Cupertino, California. Apple will announce plans to incorporate artificial intelligence (AI) into Apple software and hardware. ( Justin Sullivan | Getty Images Apple has temporarily disabled Apple Intelligence summaries for news apps for users
Apple disables AI notifications for news in its beta iPhone software Read More »
SpaceX is set to launch the seventh test flight of its Starship rocket on Thursday, as the company looks to push development of the mammoth vehicle further, including with a crucial test for how it will deploy satellites. The company has an hour window, from 5 p.m. ET to 6 p.m. ET, to launch Starship
Watch SpaceX launch Starship flight testing how it will deploy satellites in space Read More »
Tim Cook, chief executive officer of Apple Inc., during the first day of in-store sales of Apple’s latest products at Apple’s Fifth Avenue store in New York, US, on Friday, Sept. 20, 2024. Victor J. Blue | Bloomberg | Getty Images Apple stock closed down 4% on Thursday, its worst day since Aug. 5, following
Apple has worst day since August following reports of China, AI struggles Read More »
A Spirit Airlines plane at New York’s LaGuardia Airport Leslie Josephs/CNBC Spirit Airlines is cutting about 200 jobs across the company as the struggling budget carrier seeks to reduce costs after it filed for Chapter 11 bankruptcy protection in November. “We are executing on plans to rightsize our organization to align with our current fleet
Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble Read More »
New Tesla cars are displayed at a Tesla dealership on December 20, 2024 in Corte Madera, California. Justin Sullivan | Getty Images DETROIT — Sales of all-electric vehicles and hybrid models reached 20% of new car and truck sales in the U.S. for the first time last year — marking a landmark year for “green”
EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024 Read More »
Ugly Sweater display, OMG! Santa! I know Him! from the movie Elf, on display in Target store, Queens, New York. Lindsey Nicholson | Getty Images Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days known for deep discounts. The big-box retailer
Target says its holiday sales were better than expected — but its profits weren’t Read More »
Brian Moynihan, chief executive officer of Bank of America Corp., during a Bloomberg Television interview in Versailles, France, on Monday, May 13, 2024. Cyril Marcilhacy | Bloomberg | Getty Images Bank of America is scheduled to report fourth-quarter earnings before the opening bell Thursday. Here’s what Wall Street expects: Earnings: 77 cents a share, according to
Bank of America reports fourth-quarter earnings before the bell Read More »
